- Regular income of 5.60% a year or 0.46% a month
- Capital is at risk if the FTSE falls by more than 50% during the term
- Six-year investment issued by Barclays Bank PLC
Barclays Wealth has launched a Regular Income Bond for investors looking for a frequent, dependable level of income.
Available now, this FTSE-linked product offers investors the option of either a fixed annual payment or monthly income over a six-year period. The annual option pays 5.60% for each year the plan is held, while the monthly option gives investors 0.46% each month.
In both options, investors’ capital is lost if at any time during the term the FTSE falls to a level more than 50% below its starting level and is below the starting level, at maturity. If this does occur, capital will be lost on a 1:1 basis.
Full details of this product can be found at http://www.barclayswealthprotectedinvestments.com
Commenting, Lisa Chaudhuri, vice president at Barclays Wealth, says: “With interest rates continuing to stay at record lows, and consensus suggesting they may stay there for some time to come, investors are having to look further afield for alternative means of deriving income. Some options, such as alternative investment funds and equity income funds offer a higher level of income but come with an increased level of risk.
“Our new RIB is designed to bridge the gap between risk and reward by offering an attractive return while ensuring investors will receive their capital back at maturity unless the Index falls by 50% during the term and is below the starting level at maturity.”